‘Geopolitical tensions’ mean more business for Héroux-Devtek, as defence needs rise

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MONTREAL — Global strife has boosted demand for Héroux-Devtek Inc. wares, with the continued rebound in commercial travel adding to its record sales last quarter, said CEO Martin Brassard. 'The aerospace industry outlook remains very strong.

MONTREAL — Global strife has boosted demand for Héroux-Devtek Inc. wares, with the continued rebound in commercial travel adding to its record sales last quarter, said CEO Martin Brassard.

"On the defence side, geopolitical tensions have added urgency to the defense industry's effort to maintain, develop and launch new aircraft programs and we are very active on the number of defence platforms." On the civil aviation side, sales jumped 55 per cent year over year to $75.8 million in the quarter ended March 31, pushed up by deliveries of Boeing 777 jetliners and Embraer Praetor and E2 planes.

"Right now we're ramping up. The 777 is going well," the chief executive said, adding that he hopes to see the Boeing's 777x wide-body jet enter into service next year or early 2026.

 

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